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Iconic Guyanese-owned Pegasus Hotel completes major expansion

Kemol King -
Guyanese businessman, Robert Badal, celebrated the grand opening for the US$100 million Pegasus Hotel Suites and Corporate Centre in Kingston, Georgetown on Wednesday evening. Guyana’s hospitality sector has benefited from major investment interest and injections. But this project is unique...
News

Fifth floater for Brazil’s Buzios field on its way

OilNOW -
The fifth vessel for the Petrobras-operated Buzios Field has started its voyage from the MODEC shipyard in China to South American nation Brazil. Petrobras said that the floating, production, storage, and offloading (FPSO) platform ‘Almirante Barroso’ will carry out navigation...
Opinions

Guyana’s Fossil-Green Economy as a Model Climate Change Agent

OilNOW -
By Terrence Blackman, PhD and Carolyn Walcott, PhD - OilNOW Guyana is at an exciting yet critical juncture in broader climate change, adaptation, mitigation, and fossil fuel development discourses. As a newcomer to the fossil fuel industry, while the nation...
News

Large number of ships heading to South America, Caribbean with refined products

OilNOW -
(S&P Global Platts) A large fleet of refined product cargoes was en route July 19 to the southern part of South America to fill winter and harvest needs and to the Caribbean to fill summer tourist demand. Platts cFlow ship and...
News

China’s LNG imports to see unprecedented decline in 2022 – WoodMac

OilNOW -
China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says global research and consultancy group, Wood Mackenzie. After a solid growth in 2021, China’s...
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Halliburton sees drilling demand lasting “multiple years” despite lower earnings in Q2

OilNOW -
Oilfield services provider Halliburton on Tuesday said it remains confident of years of increased drilling activity globally despite recording lower earnings in the second quarter of 2022. The company’s net income fell to US$102 million from US$263 million mainly due to the pre-tax...
News

Guyana raked in over GY$48B in oil revenues in second quarter

OilNOW -
In just three months, Guyana received a total of GY$48,406,316,589 (US$232,164,587.96) in royalty and profit oil payments in the Natural Resource Fund (NRF), according to a notice published in the Official Gazette dated July 18, 2022. Giving a breakdown, the Finance...
News

CGX CFO leaves job with immediate effect, new person appointed

OilNOW -
CGX Energy announced on Monday that its newly installed Chief Financial Officer (CFO) George Davis has been replaced by Daniel Sanchez – currently head of the Corporate Consolidation and Reporting team at Frontera Energy Corporation, effective immediately. Davis had been appointed CFO on July 5 but according...
Opinions

Guyana can balance the exploitation of her natural resources and protect the environment

OilNOW -
By Terrence Blackman, PhD and Utamu Bell - OilNOW Transforming Guyana: Episode II, presented by the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium (CPC), got underway via Livestream on Wednesday, July 13, 2022. Participants sought to explore ways...
News

Guyana modernising transport infrastructure in region set for major development

OilNOW -
As the growth of Guyana's oil and gas sector fuels development in areas where service centers are erected, the government is moving to upgrade and modernise supporting infrastructure – particularly for the transport sector. Through the Central Housing and...
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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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